Reference no: EM13968141
In a drive to cut down the costs of inventory, there are two options for the top management to consider.
Option 1: Decreases the inventory review cycle to 13 weeks and push the vendor to reduce the lead time to 5 weeks. Keep the service level at each store the same (95%).
Option 2: Close all physical stores and move the company on-line. Fill all customer orders through a consolidated central warehouse. Assume the lead time is still 10 weeks and the service level is still 95%. In addition, the review cycle is still 26 weeks.
Option 3: Keep the physical store. However, instead of having clocks engraved at the supplier’s site, each store will engrave the proper words to the clock once a customer orders it in store. Thus, the vendor will only supply the clock without words on it. Decreases the inventory review cycle to 13 weeks and push the vendor to reduce the lead time to 5 weeks. Keep the service level at each store the same (95%).
What is the total safety stock Precious Things holds for clock with word “Aggies” if it chooses option 1?
What is the total safety stock Precious Things holds for clock with word “Aggies” if it chooses option 2?
What is the total safety stock Precious Things holds for clock without words if it chooses option 3?
|
Number of customers that will wait in line for service
: If the customers arrive 5 per hour and they are served at the rate of 8 per hour, what is the approximate average number of customers that will wait in line for service?
|
|
A forecaster uses weighted moving average with weights
: A forecaster uses weighted moving average with weights .20, .30, and .50. If the demand of March, April and May were 200, 220, 230, what would he forecast demand for June?
|
|
Utilizing the marketing plan grading rubric
: Utilizing the “Marketing Plan Grading Rubric” uploaded on the front EO page, plan to do your marketing plan. Please note that this is not a rubric for a "complete" marketing plan but instead you should focus on these specific areas in the rubric for ..
|
|
Time required by susan for the tenth unit
: By the tenth repetition trainees must be able to complete the assembly task in 1 hour or less. Susan sweaney has just spent 7 hours on the fourth unit and 5 hours completing her eighth unit, while another trainee, Julie Burgmeier, took 4 hours on the..
|
|
Decreases the inventory review cycle
: Decreases the inventory review cycle to 13 weeks and push the vendor to reduce the lead time to 5 weeks. Keep the service level at each store the same (95%). What is the total safety stock Precious Things holds for clock with word “Aggies” if it choo..
|
|
What is the total safety stock precious things holds
: Precious Things owns and operates 100 stores across the country. One of the products it sells is an alarm clock engraved with different words. There are three types of words: “Aggies”, “TAMU”, and “The 12th Man”. How many clocks with word “Aggies” sh..
|
|
Supporters of tort reform say its unfair that plaintiffs
: Supporters of tort reform say it's unfair that plaintiffs (the parties bringing lawsuits) don't have to pay damages to the defendants (the parties subject to the lawsuits) if they lose the case. Should plaintiffs pay damages if they lose a case? Why ..
|
|
Legal compliance with federal employment laws
: Discuss the importance of legal compliance with federal employment laws and regulations as well as ethical issues that govern appraisals and performance management. Provide examples.
|